After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for Both the Fourth Quarter and Year Ended December 31, 2023.
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Stocks Info
The company is listed on the NASDAQ and operates within the Integrated Freight & Logistics industry segment. At the end of the last regular session, the stock closed at $207.58 and fluctuated between $207.89 as its day high and $201.53 as its day low. The current market capitalization of J.B. Hunt Transport Services, Inc. is $21.41B. A total of 1.29 million shares were traded on the day, compared to an average of 735.54K shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, JBHT has seen 25 BUY and 24 SELL insider trades, representing the acquisition of 14,362 and the disposition of 6,114 shares. Over the last 12 months, there were 81 BUYs and 88 SELLs from insiders. Insiders purchased 191,865 shares during that period but sold 107,310.
In the most recent transaction, Simpson Shelley sold 5,350 shares of JBHT for 188.50 per share on Dec 05. After the transaction, the President now owns 82,964 company shares. In a previous transaction on Nov 30, Frazier Spencer sold 1,527 shares at 184.77 per share. JBHT shares that EVP of Sales and Marketing owns now total 4,522.
Among the insiders who sold shares, McGee Eric disposed of 400 shares on Aug 18 at a per-share price of $190.26. This resulted in the EVP Highway Services holding 500 shares of JBHT after the transaction. In another insider transaction, Field Darren P. sold 2,500 shares at $204.35 per share on Aug 02. Company shares held by the EVP and President Intermodal now total 11,810.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. J.B. Hunt Transport Services, Inc. pays an annual dividend of $1.56, resulting in a dividend yield of 0.75%, and it has a price to earnings (P/E) ratio of 29.78. JBHT’s most recent ex-dividend date was 2/8/2024 when it declared a $0.43 quarterly dividend that was paid in cash on 2/23/2024. Previously, the company paid the dividend on 11/24/2023 with an ex-dividend date of 11/9/2023. The JBHT stock dividend was $0.42 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for JBHT in the last 3 months, the mean price target is $209.35 with high estimates of $234.00 and low estimates of $170.00. In terms of 52-week highs and lows, JBHT has a high of $209.21 and a low of $163.66.
As of this writing, JBHT has an earnings estimate of $1.62 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $1.89 per share and a lower estimate of $1.48. The company reported an EPS of $1.8 in the last quarter, which was -1.60% lower than expectations of $1.83.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. JBHT’s latest balance sheet shows that the firm has $355.55M in Cash & Short Term Investments as of fiscal 2021. There were $1.30B in debt and $1.73B in liabilities at the time. Its Book Value Per Share was $39.76, while its Total Shareholder’s Equity was $3.12B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for JBHT is Buy with a score of 4.17.
